Amount$150M
SeriesCredit Facility
AnnouncedMay 15, 2023
Time since last round17 mo
SectorFintech, Enterprise, Accounting, Invoice, Accounts Payable, Remittance, Payments
Sub-sectorArtificial Intelligence, Machine Learning, Natural Language Processing
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Credit Facility round.
Syndicate size
2 investors on the cap table.
Insider conviction
1 existing investor re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Credit Facility rounds (48)
Round size distribution67th pct
smaller Credit Facility roundslarger
vs. Fintech, Enterprise, Accounting, Invoice, Accounts Payable, Remittance, Payments (7)
Round size in sector86th pct
$13Mthis round: $150M$270M
